Welcome G.Capital. New name, new owner and new beginning of a prosperous future!

KPower already appointed a non exec non independent director in Gunung Capital. Who controls KPower now?

Don't worry abut Syed.That history. Look at Karim & KPower!

Kumpulan Powernet bags RM65.8m Laos hydropower job
TheStar Tue, Feb 11, 2020 01:32pm - 1 day ago


KUALA LUMPUR: Kumpulan Powernet Bhd has accepted a RM65.87mil contract to design and build an 8MW hydropower plant in the Vientiane province in Laos.

In a statement released to Bursa Malaysia on Tuesday it said that it had accepted the letter of award from Zhenghong Building Road & Bridge Construction Co. Ltd.

The job scope will include design, supply, construction, commissioning and completion of the hydropower plant. The contract price includes the supply and installation of mechanical and electrical equipment.

Kpower said the target completion date was within 18 months from the commencement date or such other extended period.

Its board anticipates the foray into the provision of construction related services due to the project will result in a diversion of 25% or more of the net assets of KPower and/or will contribute 25% or more to the net profits.

GUNUNG CAPITAL BERHAD

Date of change 09 Jan 2020
Name DATUK YAP YEE PING
Age 45
Gender Female
Nationality Malaysia
Designation Non Executive Director
Directorate NON INDEPENDENT AND NON EXECUTIVE
Type of Change. Appointment

She is a director of CBG Capital Sdn Bhd and CBG Builders Sdn Bhd, subsidiary of KUMPULAN POWERNET BERHAD.

The main current and future of Gunung is the development, operating and owning small hydros mainly located in Perak beside running bus transportation business.

KUALA LUMPUR: Kumpulan Powernet Bhd was awarded a contract to build a small hydropower plant in Laos, marking the group foray into the energy construction business.

The company, in a statement today, said it has accepted the contract from Zhenghong Building Road & Bridge Construction Co Ltd to design, supply, construct and commission an 8MW hydropower plant in the Vientiane province for RM65.88mil.

The two Ks: KPower and Karim!

Just look at KPower!!!

Today is listing of 1 m shares for trading arising from exercise of ESOS @ 41 sen.

Always look at the facts and think rationally, you will be ok!

MD is selling for the change of controlling shareholders.

Keep cool and rational. Eden will sooner or later will find its true fair value.

What is more interesting is that Eden owns 2 IPP power plants: a 20 MW hydro (renewable energy) in Kelantan and a 60 MW thermal plant in Sabah. These power plants were being rehabilitated and expected to generate profitable, steady and robust income streams for Eden going forward. In addition Eden also has biz in hospitality and tourism sector. And off course not forgetting that Eden has a large land bank at a very strategic location and the net book value of Eden shares is much more than 70 sen.

Gunung, KPower and Karim Abdullah?????

Current chairman and controlling shareholder selling big block of 2.3m at 63 sen! The big buyer probably new controlling shareholders must value it more than 63 sen then.

Gunung and Power the twins, both strong against weak market!

KPower and co. coming!!

Why run away? Just look at KPower for inspiration and guidance!

Gunung WB undervalued, trading virtually at no premium

Said CGS CMIB's Ms Lim: "Raffles Medical could be a medium-term beneficiary, in terms of it likely getting higher patient footfall redirected from public hospitals and more vaccinations."

Gunung biz does not correlate so much to current economic or market conditions. On top Gunung currently can be catogarised as i a special condition stock. Apart from its involvement in growing green energy, it is in the midst of changing its controlling shareholder.

Any how, even without this virus pandemic, the counter is being undervalued.

Yes indirect benefit from the crisis.

True but most likely there will be higher demand for KPJ hospital as more hospital beds needed to cater for suspected virus patients and some normal patients may have to be shifted.

KPJ will benefit from current virus pandemic.

More good news coming !

Shorts got squeezed !

Tomorrow limit up again!!

Forced buy back to cover mistaken shorts.

50 should become 1 after consolidation for xright

Not adjust volume to xright, sorry

Many still trapped!

Price will shoot up further. Many people oversold especially yesterday which will have to be covered at whatever cost. Some brokers do not adjust the price to xright.

Yes

Prices before xall yesterday was depressed as many not willing or have the cash to subscribe for the right issue because relatively more money have to invested for the rights.

You will get a very good angpow after the new year. Just have to wait a little.

Just wait for surprise quarterly result coming soon!

Funding for equity portion of the project should not be an issue to Tadmax. Tadmax will most likely to sell down their initial 100% equity in the project company to the other two partners at a premium as it is Tadmax that initially developed and finally bagged the project. On top the project will be built on land in Pulau Indah belong to Tadmax. The amount of equity needed for the project will not be that high compared to coal plants. The total cost is estimated to be only at RM3.5b and the rest of the cost will be funded by non recourse debts.
Bear in mind this is an IPP project based on negotiated basis and therefore very likely the return would likely be quite attractive.
There is no delay in the construction of the plant as it is the government pushed back the Commercial Operational Date from January 2023 to January 2024.

The IPP project had only very recently been officially approved. The construction will take about 3 years only as it is much simple plant compared to coal plant and commercial operation is targeted for 1 January 2024, four years from now. You can not simply construct a plant as and when you like as it is an IPP which has to comply strictly with the requirements and contracts with the regulator and the off taker. For your info KEPCO is the largest power utility company in South Korea with vast experience in a no of thermal plants including nuclear.

Coincidently both Tadmax and Jaks IPP have same capacities of 1,200 MW. However Tadmax power plant is gas fired and therefore cheaper to build and easier to operated and environmentally cleaner compared to that of Jaks coal plant.

Just compare Tadmax with Jaks and both in very similar biz; property development and IPP. Tadmax property biz is not a drag for the company unlike that of Jaks. Tadmax own 40% of IPP in Malaysia with strong local and foreign partners and will not be expose for forex risk and not to mention foreign political country risk. In comparison Jaks only at least currently own just 30% and with exposure to foreign exchange risk and political risks. Market cap of Tadmax is only currently about less than RM 220m only whereas that of Jaksis roughly RM 830 m. On top Jaks has warrants that will be dilutive to current shareholders and not to mention Jaks had issue large amount of free shares to its management!

Eden has a good land bank but what is more important is the biz it is operating to produce continuing earnings. It core biz are hospitality and tourism services and IPP power plants in Sabah and Kelantan.

London properties especially in high end sector are now recovering and pound is expected to recover too once uncertainty on election and Brexit is over. Invest for the future and do it at your own assessment and valuation.

As expected there will be big positive change very soon. Gunung is still undervalued as not only it has biz in transportation but more interestingly is a big developer of a no of small hydro projects. The company balance sheet is still strong despite engaging in a no of projects.

Even at these current price that has gone up a lot, the market cap is well below 140 m!

Big news and change coming soon! Price very likely to exceed 60 any time soon.

Gunung Warrant WB still undervalued compared with the ordinary shares, On top the gearing is good and together with good future earnings of Gunung, these warrants will give excellent upside.

Noted that large transactions off market all at 55 sen. It may mean that the new shareholders is willing to value Gunung at least 55 sen.Most of the earnings will be from renewable energy from hydro plants in addition of from transportation services.

Today more than 9.4m shares of Gunung traded off market at 55 sen! There were heavy trading of Gunung WB a few days earlier. Definitely something brewing as the company just got RM 44 m contract for transport services and more interestingly it is actively developing a number of hydro projects, some of them have just been completed.